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Search Results 0 to 49 of about 177 (some duplicates have been removed)
goes down? do we want four more years of trillion dollar deficits? i don't believe we can afford four more years like the last four years. lou: a new report highlights governor rome -- governor romney's criticisms showing household incomes fell by an average rate of more than 8%. the census bureau revealing the number of people in poverty rose by 3 million in the first three years of the obama administration. we'll take all of that here tonight with former economic adviser to president reagan, economists, author laffer, and digital politics editor, and former bush adviser brad blakeman to separate facts from fiction in the world of presidential polls and strategies. early voting has presidential votes cast in more than half the country by next week. shannon has our report. the president's poll numbers in ohio getting a boost from stronger economic numbers, but there's head winds pressuring the campaign. the white house chief correspondent, ed henry, reports. >> since early voting starts tuesday here in ohio, it was a familiar script for president obama on his 29th visit to the buckeye
is going to require compromise in a different type of deficit reduction plan. given all of those virginia jobs at stake, how can you say no to any type of tax and revenue increase, even if it is paired with a greater degree of spending cuts? >> getting our fiscal house in order in washington. i saw this as being another example of washington leaders not making decisions, putting off decisions to yet another commission, which, if it failed, as it did, it would be the responsibility of the federal government, which is national defense, as well as it being what is known to be over 200,000 technology and defense jobs in virginia. what we need to do is repeal or replace obamacare. but will sit trillions in spending, and that is harmful for business. i think we need to cut out and look at where there is redundancy in government. the government accountability office has put that forward. federal government employees, we have to reward them for cost- saving ideas. in the long term, a balanced budget amendment. tim said in the last debate that this is the right thing to do. now, he has, up with a
on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he is regarded as a centrist
vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we took emergency actions. that accounts for 10% of this increase in the deficit. >> now the economy is front and center one week from tonight at the first presidential debate. two days later the president gets a september jobs report. interesting a moment ago he told the crowd he wants to export more jobs. quickly correcting himself and said he wants to export more products and joked i was channeling my opponent there. bret? >> bret: standing next to carl are you? it looks like carl's backdrop. ed henry -- >> very similar. >> bret: thank you very much. now to the international news. close circuit video of twin bombings at the headquarters in damascus. the first b
with a deficit of more of 7% of gross domestic product, any solution to our budgetary problems has to involve spending cuts and tax increases. ronald reagan agreed to tax increases when it hit 4%. george w. bush did when it was 3% of gdp. but today's republican party is organized around the proposition that no matter the circumstances, there must never be a tax increase of any kind. the simpson-bowles proposal calls for $1 for every $3 of spending cut bus every republican presidential candidate during the primaries including romney pledge thad he or she would not accept $10 of spending cuts if that meant $1 of tax increases. so romney could present a serious economic plan with numbers that add up and then he would face a revolt within his own party. so his solution has been to be utterly vague about how to deal with the actually deficit. when pressed for details, he said, the devil's in the details. he's right. were he to get specific he would be committing ideological blasphemy. instead he talks about freedom and capitalism. the same pattern emerges on immigration. he says he wanted to solve
these deficits. [laughter] and yet, that's the most important single issue of our time. i did support the '76 measure that he told about, because we were in a deep recession and we needed some stimulation. but i will say as a democrat, i was a real piker, mr. president. in 1979 we ran a $29 billion deficit all year. this administration seems to run that every morning. and the result is exactly what we see. this economy is starting to run downhill. housing is off. last report on new purchases, it's the lowest since 1982. growth is a little over 3% now. many people are predicting a recession. and the flow of imports into this country is swamping the american people. we've got to deal with this problem, and those of us who want to be your president should tell you now what we're going to do, so you can make a judgment. >> thank you very much. we must stop now. i want to give you time for your closing statements. it's indeed time for that from each of you. we will begin with president reagan. oh, i'm sorry, mr. reagan, you had your rebuttal, and i just cut you off because our time is going. you h
. >> they came to narrow the deficit next year to 3% of national output -- date came to narrow the deficit next year. >> among the measures -- a temporary 75% income tax on earnings over 1 million euros. business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending cuts of 10 billion euros. france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the rest ma
of savings, being moderate in consumption, for a government is not to run a deficit. for a country, virtue is to have your balance of payments, if any not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not ledo, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frchma >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis like undoubtedly the euro
time. [laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-right lunatic running a far
% growth in gdp. what he's referring to the fact we're not going to let this increase the deficit. and so the growth in revenues as a result of the economic growth is going to pay for that in part, and we're also going to make the tax system flatter and fairer and simpler which is something else conservatives have wanted, which is also pro-growth. and that's the part the governor is emphasizing. >> he says don't expect any big tax cuts. first of all, you guys ought to pledge to the middle class those middle brackets. i'm not talking about the upper. the upper should lose their tax deductions and everything should be on the table. but i'm talking about the brackets that are around 15% to 28%, jim. that's where the take home is going to rise. you ought to say we're going to leave your deductions alone. we're going to take it out of the high of the upper income people because we're giving them a big tax cut. the middle class, he shouldn't even suggest they're going to be tax deductions. i wrote a column about this. i said use reagan's slogan. use reagan's slogan. all right. take-home pay, th
came in office. i inner hadited the biggest deficit in our history. the last four years it went up and 90 percent is consequence of two wars that were not paid for and tax cut that is were not paid for . prescription drug plan not paid for and worst economic crisis since the great depression. that accounts for 10 percent of the increase in the deficit. >> brian: front page of the new york times. stuart rather thaney it is over one trillion. every budget when they do the math he is over budget by a trillion dollars. >> gretchen: he said 10 percent. wars and the horrible recession he was begin that only accounts for 10 percent. >> yes. >> gretchen: what about the other 90 percent? >> steve: george bushes fault? >> gretchen: i am anding a question. >> you are exposing the attitude of the establishment media to all of president obama and his economic record. break it down. the president said i am only 10 percent responsible for a massive accumulation of debt. he is a big spender, a very big spender and that's the principle reason why we have a massive deficit of trillion a year. he has
the deficit and debt. virtually every poll. who's better equipped to deal with the deficit and debt. the more they play to the religious right on social issues, the more they risk alienating these centrist voters. >> did you disagree? >> absolutely. the latest polls show that people trust obama more now with the economy. this economy issue solely is a losing issue for romney as the economy improves, but also it fails to reck thiz people care about other things other than just the economy. >> pastor jeffers, if i may, i was making the distinction about not just the economy, but deficit and debt. so, i appreciate your desire to have your nominee really focus on playing to the base in the religious right. that is your prerogative, but you can't rewrite polls to say that's a winning strategy when it comes to reaching out. >> what i'm saying to you is that i think the hunt for these elusive independent or undecided voters out there is going to be a losing strategy. it was in 2008 for john mccain. i think it will be this time. i'm not saying he has to make these social issues the heart of every stu
and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval. it made it easier for the u.s. not to make the tough choices at this moment. any country trying to cut the budget deficit, it is harder to do while that country is in recession. it actually makes the recession worse, which makes it -- it has to be more cuts in order to meet the deficit targets. it is nearly impossible to see how the countries can do that. >> so you point out, you negotiation unemployment rate 25% in spain, running down more numbers, 54% of greeks under age 25 are unemployed. are major spending cuts raising retirement age here to 67, will that work for spain and greece? >> well, over time it should
at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our ambassador was killed, after we look at the
bringg in 87 billion dollars. with a deficit of a trillion plus, you still have a 900 billion dollarr deficit and if you have a trillion dollar deficit. it brings in 8divide million from the rich and you still have 913 billion of red ink . and you can crazy and trash the millionaires and take every red cent they earn . every millionaire will have the entire income confiscated. you trash the institution and confiscate the red cent and you bring in 839 billion. >> steve: you are way short. >> brian: we are short a trillion every year. >> you don't have a taxing problem. this is a spending problem. it is solved by reducing spend reforming entitlements over the long term. taxing the rich will make barely any difference . it is a political slogan. >> steve: right now the president wants to get reelected so he has the key to air force one. >> he thinks that if you tax the rich that brings in votes. >> steve: we are talking about increasing the taxes on the rich. what people forget about. taxes for everyone are scheduled to go up next year. >> yes, they will. >> steve: everybody is going to
, but you can't stop watching it. you'll see it. back in 60 seconds. >> greta: from the $16 trillion deficit to the stubbornly high unemployment rate, president obama supportsers are finding lots of reasons to change their votes. they're speaking out in a new ad for the romney/ryan ticket. shot clock. >> i voted for bill clinton twice. i voted for clinton. >> i voted for clinton. >> al gore. >> i voted for al gore. >> al gore. >> i voted for barack obama. >> i voted for barack obama. >> barack obama in 2008. >> i had huge hopes. but you know what, i got burned in 2008. >> the trillions and trillions of dollars of deficits. >> this time. >> this year. >> i've changed. >> i'm changing my vote. >> i changed my mind. >> to mitt romney and paul ryan. >> to romney and ryan. >> to mitt romney and paul ryan. they have plans and ideas that i believe will work. >> greta: joining us our political panel, rick klein, michael crawley, and justin sink. rick? >> find me a voter for voted for mccain four years ago and now says obama. it's a small segment of the population. this is the kind of message. it's a
to help spain again. what is the spanish government trying to do? it has to reduce its budget deficits. it needs to make savings this year of 62 billion euros and 40 billion euros in 2013. but fear is that a deteriorating recession makes hitting those targets ever harder. >> you need the revenue to pay your debts. but then, of course consumption goes down so you don't have money to pay your debts. there is no growth. spain is in recession. next year it will stay in a recession. so, yes, it is a vicious circle. really impossible to solve this conundrum. >> all the pressure from the eurozone partners, there is anger by those -- from those affected by cuts. health workers demonstrate every day near the country's biggest hospitals. government projects will again be slashed to day as people here struggle and a deepening recession. >> the demonstrations are daily here and there are likely to increase in size and number. but what we are seeing from these reforms -- slashing public spending -- is really spain doing its part of the bargain and head of a possible second bailout. the government s
getting a handle on the deficit. also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts by limiting deductions for taxpayers especially the wealthy. so this isn't really a major break from what he said before. he's just kind of shifting the emphasis, playing up a different part of his plan. >> so deductions. what deductions would mr. romney limit? >> now, that is the $5 trillion question. we tonigdon't know. he has hinted he may scale back the mortgage deduction for wealthy homeowners. think about how many tax deductions are out there. charitable giving, he state and local taxes. it won't be politically easy to scrap any of them because they're popular. s
democrat bonn the president's deficit reduction committee with alan simpson and pretty good and we should point out he is there too but the president ignored a lot of his -- [talking over each other] >> he is seen as a guy who can bring democrats and republicans like him. the other guy out there whose name is bounced around and bounced around for four years is the ceo of black rock. i consider him a friend. the upside to larry is clearly there is no smarter guy on wall street that i know. he saw between trading and an entrepreneur. and associated -- the obama administration -- there's a european financial crisis, he understands financial instruments, and erskine bowles is a different dynamic. really going to do that. you want to make a deal with republicans and he is the guy to do it but larry as different depending on how you approach it. the wall street firms are going around. with larry taking the job, and natural successor at black rock. i just -- maybe he does. melissa: such a massive pay cut. [talking over each other] charlie: erskine bowles is no stranger to wall street. melissa: t
are now promising to restore the funds. >> we face two deficits in this country. of course everybody is worried about the federal funding deficit . >> the transportation department couldn't say how much of the money would have gone to bay area project. it has not yet decided on how to divide the remaining funds . >> in san francisco, construction crews have found buried pieces of the old san francisco city hall that was destroyed during the 1906 quake. rob roth is in the city and say what they found and also why there are no plans to dig it up. >> reporter: for history buffs its like a piece of buried treasure. to get focused behind me is the current city hall. over here with the asian art museum that was the old city hall that took up a block across what's now hyde street to that february. beyond that where that dirt is that's where a piece of history was found. work crews were about to plant new trees. >> they found they kept hitting brick. >> reporter: these. they are part of the foundation of what was once san francisco's city hall. destroy bid the 1906 quake. it took 25 years
, the two candidates are in a tie. governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the president in the las vegas area. he has been spotted in the lobby of the hotel, with reading glasses and a pile of papers, going through this like it is a final exam and researching every last bit. the president, when he delivered pizza to campaign volunteers to show he has a calm, cool image headed into the debate, he made clear he also things this is like a final exam. he has been holed up, long hours, inside, dealing with a big workload. >> it is all very nice. although they keeping me indoors all the time, that is a drag, they are making me do my homework. >>reporter: the
new book on the deficit challenges. it is all yours. >> you should have made the introductions longer. you are on a roll. >> thank you very much. we are both delighted to be here. we know there are so many issues people are interested in. none more important than the economy. that is why we're really thrilled to be here to take part in this debate. the election is only 42 days away. with every day, more questions pop up. the more the public wants answers. the candidates debate start next week. i think our opportunity today to talk with these two advisers cannot be more timely. i am just going to start by asking questions that david will come after. we're going to go back and forth. we will see where it goes. we will be looking to the audience for you to ask a question. why did your candidate believe that this economy is not creating more jobs? what would he do to change that and make things better? >> we came through the deepest recession since the great depression. >> democrat tim kaine and republican george allen are running for the senate this year. they participated in a debate, m
in the end a president piled up huge deficits that will cripple our children and grandchildren. look at the mess in the middle east where the president for ten days didn't tell the american people the truth about what happened in the death of an american ambassador. there's plenty of ammunition. but it has to be delivered in a firm systemically order way and people look up and go that's right. there's a simple test here. do you want four more years of obama? do you think this is the right direction? or do you think we need something new? i think a campaign which made that case clearly enough would carry ohio and florida by big margins. >> mitt romney was in westerville, ohio, today. i want to play a little clip of part of something he said and get your reaction to it. listen. >> okay. >> i want to bring the rates down. by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. >> so he's trying to combine if i take it right the tax and the deficit argument. do you think that's a little too complicated for voters? do you think that re
the biggest deficit in history. >> gretchen: who is responsible for the other 90 percent. somebody else? we'll break down the numbers next. >> brian: washington post had a problem. >> key to a woman's heart scaring her half to death. staging a plane crash and popped the question. >> gretchen: that would be an automatic no. -[ taste buds ] donuts, donuts! -who are these guys? -oh, that's just my buds. -bacon. -my taste buds. -[ taste buds ] donuts. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? okay. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4g lte network, and motorola, droid does. get $100 off select motorola 4g lte smartphones like the droid razr. seems they haven't been moving much lately. but things are starting to turn around because of business people like yo
some of the deficits. we're going to do my portion very quickly because what's really interesting of course is what our general palace have to say. let me start by introducing a. on my right is hugh halpern, staff director for the u.s. house of representatives committee on rules. on the committee serves as chairman david tries chief adviser on committee and leadership that is the to my leftist jim harper, director of information policy studies at the cato institute and is also the founder of washington watchdog, which keeps a very close eye on legislation and federal spending. chimp has asked me to mention washington watch.com several times during the course of the presentation. and last but not least john who is the policy director at the sunlight foundation and all around transparency gaslight. that is part of his official title. there's more information on your chairs. i'd like to thank representatives who are the co-chairs of the congressional transparency caucus. for giving us the space and aberdeen to have a conversation with you here today. like is that i promise i'll be br
Search Results 0 to 49 of about 177 (some duplicates have been removed)